Research (J&T BANKA)
World markets  |  December 05, 2012 09:25:42

Sberbank 3Q results beat estimates


The reported net profit for 3Q at RUB 87.7 billion (+10% y / y) exceeded market expectations (83.1 billion rubles). This result is mainly driven by continued growth in interest income (+26% y / y) and a decrease in the ratio of non-performing loans in the portfolio (to 3.4% from 4.9% at the end of last year). Tier 1 ratio fell to 10.2% (from 11.6% at end-2011) due to the acquisition at the end of 3Q.

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Výsledky Sberbank za 3Q překonaly odhady

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